Ric Flair’s Former Management Company Responds To His Accusations

Ric Flair has been in the spotlight quite a bit as of late thanks to his 30 For 30 documentary on ESPN, and he recently made headlines once again after he accused his former management company of stealing money from him.

Flair noted that he was set to make $25,000 from the 30 For 30 documentary, and $12,000 from another sponsorship, but his former management company Legacy Entertainment pocketed the money. When he contacted the company about the money, he was told they used it to pay bills for Flair, but he responded by saying he never approved the company to do so.

Legacy has since issued their own statement to TMZ, and they put the WWE Hall of Famer on blast.

“Ric Flair has always been known to be dramatic and looking desperately for the spotlight. That’s fine as a wrestler but it is despicable when he blatantly lies,” Legacy says.

“As anyone who read [the Ric Flair Grantland article] knows, Ric has always left a trail of destruction in his wake whether it be from his ex wives, the IRS, creditors, or from his former business partners and friends… the debris is everywhere. Our client wishes Flair nothing but the best and is sad that things have come to this after over a decade of hard work and incredible results for their client.”

As far as the status of the money in question goes, Legacy claimed it’s in the company’s trust account:

“Our client provided Flair an accounting of funds as they always did throughout their representation. Flair then demanded funds that belonged to buyers be released from trust that he had not yet earned and our client would not be bullied into doing anything unethical. In reality the $37,000 in dispute are in his management company’s trust account while we were working out a settlement on the sums of money owed our client from deals and money Flair hid from his management.”